Reinsurance News
Verisk Analytics, a data analytics and technology provider, announced its financial results for the third quarter of 2025, reporting $768 million in revenue, up 5.9%, and up 5.5% on an organic constant currency (OCC) basis. Net income also experie...
Posted: Oct 30, 2025
Amiga Specialty, a specialist managing general agent (MGA) backed by B.P. Marsh, has appointed Jamie Ricketts to the newly created role of Managing Director (MD) of Financial Institutions, effective immediately. In his new role, Ricketts reports t...
Posted: Oct 30, 2025
Qatar Insurance Company (QIC Group) has announced its financial results for the first nine months of 2025, reporting a net profit of QAR 588 million, a 12% increase compared to the same period the year prior. The Group’s net profit before Pillar I...
Posted: Oct 30, 2025
Arch Global Services India, a wholly-owned subsidiary of insurer and reinsurer Arch Capital Group Ltd., has announced the opening of its new office in Hyderabad. Managed by Raju Chiluvuri as Arch Global Services India Technology Head, the Hyderaba...
Posted: Oct 30, 2025
China Property and Casualty Reinsurance Company Ltd. (China Re P&C) released its unaudited results for the nine months ended 30 September 2025, reporting a net profit of RMB 2,246 million (USD 316m), up approximately 77% from RMB 1,272 million...
Posted: Oct 30, 2025
Starr, the global investment and insurance company has entered into a definitive agreement to acquire IQUW Group, the specialty insurance and reinsurance organisation. The deal is expected to expand Starr’s underwriting capabilities and position t...
Posted: Oct 29, 2025
Mutual Re, a Chicago-based reinsurance underwriting association writing business through reinsurance intermediaries, has announced the addition of Mutual Assurance Society of Virginia will be added to its ownership group. Effective January 1, 2026...
Posted: Oct 29, 2025
mea Platform, a company specialising in AI solutions for the insurance industry, has announced the launch of mea Operations, a suite of AI products tailored to improve operational efficiency in re/insurance. Building on its experience helping clie...
Posted: Oct 29, 2025
Kevin J. O’Donnell, President and Chief Executive Officer of global property and casualty reinsurer, RenaissanceRe (RenRe), said today that he is optimistic the January 1 renewals will be a pricing shift in the property catastrophe space, wi...
Posted: Oct 29, 2025
Canopius Group, a global specialty and property & casualty re/insurer, has announced the appointments of Michelle Rudd as Chief Operating Officer, APAC, and Vanessa Hall as Casualty Underwriter. Both based in Sydney, these hires reinforce Cano...
Posted: Oct 29, 2025
African Risk Capacity Limited, the commercial insurance affiliate of the African Union’s African Risk Capacity Group, has announced the launch of new Shariah-compliant protection solutions designed to strengthen climate resilience and expand acces...
Posted: Oct 29, 2025
Global specialty insurer and reinsurer Ascot has expanded its specialty marine offering with the launch of its new US yacht product, Ascot Admiralty Reserve. This new product has been built to offer comprehensive, bespoke coverage for fully captai...
Posted: Oct 29, 2025
US life and annuity (L/A) insurers expanded their private credit portfolios by 6% in 2024, according to a new report from the credit rating agency AM Best, marking a doubling of such holdings over the past decade. AM Best attributes this growth to...
Posted: Oct 29, 2025
Zurich Insurance Group, in collaboration with the University of St. Gallen, is reimagining the future of insurance with its newly launched artificial intelligence (AI) Lab, Zurich AI Lab, aimed to accelerate industry transformation. Led by Group C...
Posted: Oct 29, 2025
Jim Williamson, Chief Executive Officer (CEO) of global insurer and reinsurer, Everest Group, said yesterday that there’s no reason to expect the firm’s casualty reinsurance portfolio to perform in the same way as its “bottom qua...
Posted: Oct 29, 2025
Relm Insurance, an insurer focused on emerging and innovative industries, has launched a UK MGA through its partnership with Bridgehaven Specialty UK Limited. According to the firm, this new MGA will provide a responsive underwriting experience an...
Posted: Oct 29, 2025
Tokio Marine GX (TMGX) and specialist MGA Northcourt, part of the Optio Group, have introduced NC Fusion, the first insurance facility within the Lloyd’s market designed specifically for nuclear fusion technology. The initiative establishes a clea...
Posted: Oct 29, 2025
Gallagher Re, a global reinsurance brokerage and risk advisory firm, has announced the appointment of Jennifer Jones as Executive Director for Marine and Energy. Jones will join Gallagher Re’s UK business, where she will play a key role in expandi...
Posted: Oct 29, 2025
Descartes Underwriting, a specialist in corporate parametric re/insurance solutions for climate and emerging risks, has joined the International Cooperative and Mutual Insurance Federation (ICMIF) as a Supporting Member of the global network. The...
Posted: Oct 29, 2025
According to AM Best, insured losses from Category 5 Hurricane Melissa in Jamaica are anticipated to remain modest, however, the bulk of these losses is expected to fall on reinsurers, reflecting the high reinsurance dependence of Caribbean-based...
Posted: Oct 29, 2025
S&P Global Ratings has upgraded the financial strength rating of International General Insurance Holdings Ltd. (IGI) to “A” from “A-”. The rating applies to IGI’s three subsidiaries: International General Insurance Co. Ltd. (Bermuda) (IGI Berm...
Posted: Oct 29, 2025
BMS has warned that the total economic impact of Hurricane Melissa could reach 30–250% of Jamaica’s GDP, potentially triggering a deep recession, widespread unemployment, a sharp decline in tourism, and severe strain on local banks and insurers, p...
Posted: Oct 29, 2025
Global reinsurer RenaissanceRe (RenRe) generated underwriting income of $770.2 million in the third quarter of 2025, an increase of 96% on the prior year quarter, as the firm highlights 21.9% underlying growth in the catastrophe class gross premiu...
Posted: Oct 29, 2025
The Insurance Council of Australia (ICA) has declared the hailstorm that impacted the wider Brisbane region on Sunday, 26th October 2025, a Significant Event, with insurers having received 11,000 claims to date. The storm brought intense rainfall,...
Posted: Oct 29, 2025
Cincinnati Financial Corporation has announced its financial results for the third quarter of 2025, reporting $3.72 billion in revenue and a 37% jump in net income to $1.12 billion, a strong performance fuelled by both investment gains and strong...
Posted: Oct 29, 2025